9/2/2024, 5:09:02 pm

Analyst Call Tracker: Why some analysts are sceptical about Power Grid?

Power Grid stock has shown impressive growth in the past year, nearly doubling in value over the last five years. However, analysts have raised concerns and the number of ‘buy’ calls has decreased while ‘hold’ calls have increased. The company reported a 10.5% increase in net profit for Q3FY23-24, but faces challenges such as limited growth opportunities and increased competition.